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Wipro Ltd (WIPR.BO)

WIPR.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wipro Exec Says "Continue To See Softness In Consumer And Telecom Verticals"
Wednesday, 25 Apr 2018 08:22am EDT 

April 25 (Reuters) - Wipro Ltd Chief Executive Officer Abidali Neemuchwala and Chief Financial Officer Jatin Dalal::EXEC SAYS "BELIEVE THAT THROUGH THE YEAR WE WILL IMPROVE MARGINS".EXEC SAYS "CONTINUE TO SEE SOFTNESS IN CONSUMER AND TELECOM VERTICALS".EXEC SAYS "WILL HAVE SOFTNESS FOR COUPLE QTRS IN COMMUNICATION".  Full Article

Wipro March-Qtr IT Services Margin Was 14.4 Pct
Wednesday, 25 Apr 2018 07:01am EDT 

April 25 (Reuters) - Wipro Ltd ::MARCH QUARTER IT SERVICES MARGIN WAS 14.4 PERCENT.EXPECT DIVESTMENT OF DATA CENTRE BUSINESS TRANSACTION TO COMPLETE DURING QUARTER ENDING JUNE 30, 2018.HAVE NOT CONSIDERED IMPACT OF DIVESTMENT TO ENSONO ON REVENUE FOR QUARTER ENDING JUNE 30, 2018.WE WILL REVISE OUTLOOK FOR JUNE QUARTER BASED ON ACTUAL DATE OF COMPLETION OF DATA CENTRE BUSINESS DIVESTMENT.  Full Article

India's Wipro March-Qtr Consol Profit Falls About 20 Pct
Wednesday, 25 Apr 2018 06:36am EDT 

April 25 (Reuters) - Wipro Ltd ::MARCH QUARTER CONSOL NET PROFIT 18.03 BILLION RUPEES VERSUS PROFIT OF 22.61 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 21.32 BILLION RUPEES.MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 137.69 BILLION RUPEES VERSUS 139.88 BILLION RUPEES LAST YEAR.MARCH QUARTER CONSOL IT SERVICES SEGMENT REVENUE 134.12 BILLION RUPEES VERSUS 134.02 BILLION RUPEES LAST YEAR.  Full Article

Wipro Re-Appoints Ireena Vittal As Independent Director
Wednesday, 25 Apr 2018 06:36am EDT 

April 25 (Reuters) - Wipro Ltd ::SAYS RE-APPOINTMENT OF IREENA VITTAL AS AN INDEPENDENT DIRECTOR.  Full Article

Wipro Says Insolvency Petition Filed By Telecom Service Provider Client To Impact Revenue, Profitability
Monday, 9 Apr 2018 09:38am EDT 

April 9 (Reuters) - Wipro Ltd ::ESTIMATED THAT IMPACT OF INSOLVENCY PETITION FILED BY A TELECOM SERVICE PROVIDER CLIENT WILL HAVE AN IMPACT ON BOTH REVENUE AND PROFITABILITY.TO SEE IMPACT ON PROFITABILITY AT NET INCOME LEVEL OF 65-75 BASIS POINTS OF CONSOL REV FOR MARCH QTR 2018 DUE TO BANKRUPTCY FILED BY CLIENT.IMPACT OF THE CLIENT'S INSOLVENCY PETITION WILL REFLECT IN FINANCIAL RESULTS OF CO FOR QUARTER AND YEAR ENDED MARCH 31, 2018.  Full Article

India's Wipro Sells 63 Pct Of Its Stake In Wipro Airport IT To Antariksh Softtech
Friday, 6 Apr 2018 07:23am EDT 

April 6 (Reuters) - Wipro Ltd ::SAYS CO SOLD 63 PERCENT OF ITS STAKE IN WIPRO AIRPORT IT TO ANTARIKSH SOFTTECH AS PART OF DIVESTURE OF UNIT.SAYS DEAL FOR 31.5 MILLION RUPEES.SAYS CONSEQUENT TO THE SALE, CO HOLDS 11 PERCENT STAKE IN WIPRO AIRPORT IT.SAYS WIPRO AIRPORT IT WILL CONTINUE TO OUTSOURCE IT SERVICES OF INDIRA GANDHI INTERNATIONAL AIRPORT, NEW DELHI TO WIPRO.  Full Article

Wipro Launches Texas Technology Center In Plano
Tuesday, 27 Mar 2018 09:16am EDT 

March 27 (Reuters) - Wipro Ltd ::WIPRO LAUNCHES TEXAS TECHNOLOGY CENTER IN PLANO.WIPRO LTD - ‍WIPRO PLANS TO RAMP UP ITS HEADCOUNT IN TEXAS TO 2000 OVER NEXT FEW YEARS FROM 1400 NOW​.  Full Article

India's Wipro ‍To Divest Hosted Data Center Services Business To Ensono For $405 Mln
Wednesday, 14 Mar 2018 08:12am EDT 

March 14 (Reuters) - Wipro Ltd ::SAYS ‍TO DIVEST HOSTED DATA CENTER SERVICES BUSINESS TO ENSONO FOR $405 MILLION​.SAYS AS PART OF AGREEMENT, WIPRO WILL MAKE STRATEGIC INVESTMENT OF $55 MILLION IN ENSONO'S COMBINED ENTITY.CO, ENSONO SIGNED LONG-TERM PARTNERSHIP AGREEMENT TO JOINTLY ADDRESS HYBRID IT REQUIREMENTS OF WIPRO.SAYS MEDICARE & MEDICAID SERVICES IN HEALTH INSURANCE SPACE, ERP IMPLEMENTATION SERVICES ARE NOT PART OF DIVESTMENT.  Full Article

Wipro Partners With ‍Trintech For Risk Intelligent Robotic Process Automation Solutions ​
Wednesday, 14 Mar 2018 07:04am EDT 

March 14 (Reuters) - Wipro Ltd ::PARTNER WITH ‍TRINTECH TO DELIVER RISK INTELLIGENT ROBOTIC PROCESS AUTOMATION SOLUTIONS TO ENTERPRISE FINANCE FUNCTIONS​.  Full Article

Elliott Management buys stake in Wipro Ltd - SEC Filing
Monday, 12 Mar 2018 03:25am EDT 

March 12 (Reuters) - :ELLIOTT BUYS 1.86 MILLION AMERICAN DEPOSITARY RECEIPTS OF WIPRO -SEC FILING.  Full Article

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India's Wipro sees strong demand for services from financial clients

MUMBAI/BENGALURU Indian IT company Wipro Ltd said it was seeing strong demand for its services from clients in banking, financial services and insurance (BFSI), while it faces challenges in its India business and in the U.S. healthcare sector.